Maersk and Orient Overseas Suffer Similar Problems, Differ on Outlook and Response — Panjiva
Más

Panjiva_research_logo

Maersk and Orient Overseas Suffer Similar Problems, Differ on Outlook and Response

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

Maersk reported a drop in its 2Q EBITDA margin to 10% from 14% a year earlier but more importantly cut its full year forecast for EBITDA by 13% to 16% in absolute terms. The shortfall of container rate growth vs. bunker fuel was cited as a major reason, inline with recent similar moves by Hapag-Lloyd and NYK. Orient Overseas also fell into a loss for the first half for the same reasons. Maersk and Orient Overseas differ in terms of their outlook, particularly for volumes. Maersk has indicated concerns about the Transatlantic tariff battle while Orient expects a tightening supply / demand...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.